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    6420 Wilshire Blvd Los Angeles, CA 90048

    Sponsored
    For Lease
    $46 SF/Yr

    Prestigious Los Angeles office space, flexible layouts.

    Lot size:
    215,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This stunning executive office building at 6420 Wilshire Boulevard in Los Angeles, California, offers 215,000 square feet of prime office space in the heart of the Miracle Mile. The property boasts 13 available suites ranging from 2,047 to 15,177 contiguous square feet, with a total of 64,814 square feet currently vacant. Ideal for businesses seeking flexible layouts, the building provides multiple tenancy options. The building has recently undergone a significant renovation, featuring a new lobby, an inviting outdoor patio, and a convenient café. Enjoy breathtaking views spanning from the Hollywood Hills to the Pacific Ocean. The building's location offers unparalleled convenience, with easy access to Beverly Hills, Hollywood, The Grove, 3rd Street, and Melrose Avenue. Parking is available at a rate of $195.00 for unreserved spaces and $285.00 for reserved spaces, with a ratio of 2.8 spaces per 1,000 square feet. This is a truly exceptional opportunity to establish your business in a prestigious and highly desirable location within Los Angeles County, zip code 90048. The creative build-outs make this an ideal location for image-conscious tenants.

    Property Features for 6420 Wilshire Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    215,000 SF
    Total Rate
    827750

    Unit(s) available at that property

    Space
    Suite 1450
    Size
    2,292 SF
    Rate per SF
    $48
    Space
    Suite 900
    Size
    4,766 SF
    Rate per SF
    $48
    Space
    Suite 900 & 950
    Size
    10,634 SF
    Rate per SF
    $48
    Space
    Suite 650
    Size
    3,899 SF
    Rate per SF
    $46
    Space
    Suite 950
    Size
    5,868 SF
    Rate per SF
    $48
    Space
    Suite 200
    Size
    3,926 SF
    Rate per SF
    $46
    Space
    Second Floor
    Size
    15,177 SF
    Rate per SF
    $46
    Space
    Suite’s 200 & 230
    Size
    8,923 SF
    Rate per SF
    $46
    Space
    2nd floor, Suite 230
    Size
    4,997 SF
    Rate per SF
    $46
    Space
    2nd floor, Suite 240
    Size
    3,858 SF
    Rate per SF
    $46
    Space
    7th floor, Suite 700
    Size
    6,947 SF
    Rate per SF
    $46
    Space
    11th floor, Suite 1110
    Size
    2,047 SF
    Rate per SF
    $48
    Space
    1st floor, Suite 100
    Size
    11,037 SF
    Rate per SF
    $46

    We can help!

    Listing Contact
    Brian Niehaus
    Brian Niehaus

    Learn more

    Property Insight Report

    HighLights

    • 215,000 square feet of prime office space in Los Angeles' Miracle Mile.
    • 13 available suites (2,047 - 15,177 contiguous sq ft), 64,814 sq ft currently vacant.
    • Floor‑to‑ceiling glass windows offering abundant natural light.
    • Move‑in ready creative spec suites.
    • High walkability score in Miracle Mile.
    • Convenient access from Wilshire Blvd and San Vicente Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Julie Craig Drama School Reichman & Associates, P.C. Accountant Harris • Ginsberg LLP Law Firm The Exchange Video Production Service Andrea Fugate Balian Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3689819
    Latitude
    34.0634774

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    FAQs

    What type of property is this?
    Office Property Space - Prestigious Los Angeles office space, flexible layouts.
    Where is this office property space located?
    The property is located at 6420 Wilshire Blvd Los Angeles, CA.
    What is the lease rate?
    The lease rate is $46-$48 SF/Yr.
    What are key features of this property?
    This property features: 215,000 square feet of prime office space in Los Angeles' Miracle Mile.; 13 available suites (2,047 - 15,177 contiguous sq ft), 64,814 sq ft currently vacant.; Floor-to-ceiling glass windows offering abundant natural light.
    Request Owner's contact information
    6420 Wilshire Blvd Los Angeles, CA 90048
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    Los Angeles, CA 90048
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6420 Wilshire Blvd Los Angeles, CA 90048
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    We can help!
    Listing Contact
    Brian Niehaus
    Brian Niehaus
    Real Estate License ID: 01836528
    Learn more
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